Ann: OBL Completes New Mapping of Derby Block for 2016 Drilling, page-6

lol. This is work Buru did years ago on their own permits with old cores and of course their own drilling and seismic. Bit rich to call piggybacking the Buru and Government work programs etc being focused. Bulk of the Laurel? There is no possible way you can believe that.

This is the current share of Laurel bearing land:
BRU 63.39%
MIT 21.18%
REY 8.47%
OBL 5.42%
KEY 1.53%

If OBL makes it to farm out stage they will drop down to something like 2.71% to be roughly on par post-farm out where BRU is on 63.39% so BRU have something like 23 times the Laurel acreage OBL will if everything goes according to plan. OBL do have some deeper resources but they're also more expensive to extract. There isn't a universe where the physics defy logic enough to say OBL have a bulk of the Laurel plays. Even on a shareprice to acreage value it's not amazingly enticing given the risk profile and REY has the exact same Laurel OBL does PLUS their own Laurel.

I think OBL is a highly risky but pretty good gamble on the Laurel (because of how risky it is). Then again BRU CFDs are probably better leverage, maybe even with less risk. I've said it's a buy at these levels so I don't disagree that it's not a bad time to buy, but let's stick to the facts.